BEACH ENERGY LIMITED MACQUARIE AUSTRALIA CONFERENCE 2 May 2018
An active and historic third quarter1 Continued focus on value maximisation Beach transformed Strong cash generation; gearing below Seamless transition of ownership. Beach now a diversified, target multi-basin producer with scale. 133…
Lattice acquisition is uniquely aligned with Beachs strategy Diverse and multiple growth options 70% of production operated Increased Cooper Basin JV Operatorship of Otway and Bass ownership interests basins OPTIMISE GROW EAST COOPER…
Asset portfolio Expanded footprint with five production hubs and significant gas processing infrastructure * Working interest in Otway and Bass basins assumes completion of the acquisition of ownership interests from Toyota Tsusho…
Clear objectives to drive shareholder returns Enhanced opportunity set across asset portfolio Key Objectives Production outlook Achieve best in class HSE performance Optimised, lowest operating cost production from existing producing…
On track to meet synergy target of 50 million per annum Targeting to be on run rate by end of FY19 Synergy estimate of at least Phase 1 operating 50 million per annum (pre-tax) efficiencies Targeting to be on run rate by end of…
Gas pricing Market fundamentals and GSA terms support ongoing price increases Recent commercial negotiations Attractive price and structure for new Lattice east delivering revenue uplifts at legacy coast gas contracts Beach Above…
Eastern Australia GSAs provide ongoing exposure to an attractive long-term pricing outlook Current east Re-contracted / re-priced volumes Majority of existing east coast volumes coast volumes re-priced or re-contracted by end 2021…
Robust financial position Capital management to prioritise re-investment, debt repayment and dividends 31-Dec-16 31-Dec-17 31-Mar-18 30-Jun-18 30-Jun-19 30-Jun-20 Net Gearing1 Net Gearing Targets1 Per capital management Net cash Net…
MACQUARIE AUSTRALIA CONFERENCE OPERATIONS & DEVELOPMENT 11
Strong drilling success being achieved in FY181 Increasing focus on horizontal wells Strong drilling performance continued in Q3 with 27 wells Drilling Results drilled at an 89% success rate Success Basin Category Wells Successes…
Production and development1 Successful field development activity improves full-year production outlook Production March December March (MMboe) 18.1 19.1 Total production Change YTD Q3 FY17 Q2 FY17 Q3 FY18 Total oil (kbbl) 1,349…
Defined pathway to sustain and optimise production Multiple development and exploration projects to optimise production and cash flow High impact exploration Step-change Ironbark, New Zealand, Bonaparte growth Multi-Tcf…
Cooper Basin capital program Multi-year capital program to sustain production over the longer term Key Objectives: Western Flank Oil Focus on core play fairway exploration and development (Brikhead, Namur, McKinlay) Full field…
Otway Gas Project Low cost development with high graded exploration potential Acquire 100% of acreage and infrastructure to allow alignment across the project with new strategic joint venture partner Objectives Nearshore drilling…
Perth Basin: Operatorship capability and portfolio depth Long standing, experienced operator with majority position in growth exploration acreage Waitsia and Beharra Springs Beharra Springs Long standing operator of Beharra Springs…
MACQUARIE AUSTRALIA CONFERENCE Beach Energy Limited Investor Relations 25 Conyngham Street Mark Hollis, Investor Relations Advisor Glenside SA 5065 Australia T: +61 8 8338 2833 T: +61 8 8338 2833 F: +61 8 8338 2336…
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